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Dec 7, 2012
12/12
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. >> did you see that background behind president obama? it kept saying, business roundtable. the business community agrees with him. my colleague at the "washington post," greg sergeant, reports, "the business roundtable, the biggest and most powerful business trade groups is prep e preparing to come out to give the president essentially unilateral authority to raise the debt ceiling forever more, ending these crises forever." republicans will have to compromise with the president who will have already pocketed $1 trillion in tax increases. business will be screaming. the economy will be convulsing. they'll be getting blamed. that is supposed to put him in the weaker bargaining position? it's frankly hard for me to see how this strategy gets the gop any of what it wants in terms of policy or politics. this doomsday they are courting, it might be their own. joining us now, chrystia freeland, editor for thompson reuter's digital and author of "the plutocrats: how the rich is getting ahead and the economy is failing everyone else." i think i messed up your subtitle. >> it's okay
. >> did you see that background behind president obama? it kept saying, business roundtable. the business community agrees with him. my colleague at the "washington post," greg sergeant, reports, "the business roundtable, the biggest and most powerful business trade groups is prep e preparing to come out to give the president essentially unilateral authority to raise the debt ceiling forever more, ending these crises forever." republicans will have to compromise with...
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Dec 4, 2012
12/12
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with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? wears off. [ female announcer ] stop searching and start repairing. eucerin professional repair moisturizes while actually repairing very dry skin. the end of trial and error has arrived. try a free sample at eucerinus.com. secondhand smoke affects r everyone's health. it's not just irritating. it can cause heart disease and even death. speak up about secondhand smoke. your health and the health of your family depend on it. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the
with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? wears off. [...
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Nov 30, 2012
11/12
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FOXNEWSW
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president obama, you are giving the middle class the raw finger. >>neil: wait until you hear what happens next. and you wills an extraordinary interview with an extraordinarily angry guy tonight at 8:00 p.m., on fox business network as scott tells us the whole story, a story you do fought want to miss. >> nearly 30 days away are house republicans getting ready to walk away from a budget battle mess? one of their leaders is next. [ malannouncer ] it'that time of year again. time for cii price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. >>neil: did republicans get:. scrooged. >> every family will see their taxes go up january 1. i assume that does not sound too good like th
president obama, you are giving the middle class the raw finger. >>neil: wait until you hear what happens next. and you wills an extraordinary interview with an extraordinarily angry guy tonight at 8:00 p.m., on fox business network as scott tells us the whole story, a story you do fought want to miss. >> nearly 30 days away are house republicans getting ready to walk away from a budget battle mess? one of their leaders is next. [ malannouncer ] it'that time of year again. time for...
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Dec 7, 2012
12/12
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WBAL
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businesses are making decisions right now about investment and hiring. they don't have confidence that we can get this thing done, they will start pulling back and we could have a lousy time in our haqqani for the next several months. >> the president made the remarks while visiting with the virginia family to talk about the budget crisis. >> for now, the stalled negotiations cannot seem to be affecting local holiday shopping and events in and around baltimore. >> harbour east is one of the air is a special -- with special events going on throughout the city. winter wonderland promotes local artists and shoppers can get free parking. it is about promoting business and luring in those customers. [cheers] >> it is that time of year, holiday events, drinks, good food, and shopping. >> i think things are getting better for us. customers are shopping more, it seems. >> the festivities going on in the city and people getting excited. they are coming dampier >> and merchants say they need those special events -- they are coming down. >> and merchants say they n
businesses are making decisions right now about investment and hiring. they don't have confidence that we can get this thing done, they will start pulling back and we could have a lousy time in our haqqani for the next several months. >> the president made the remarks while visiting with the virginia family to talk about the budget crisis. >> for now, the stalled negotiations cannot seem to be affecting local holiday shopping and events in and around baltimore. >> harbour east...
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Dec 5, 2012
12/12
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. >> now later this morning, president obama will be speaking and taking questions at the business round table meeting, a white house official saying that the president will make the case that middle-class americans need certainty that their taxes will not go up at the end of the year. he will also make the case that this fiscal cliff will have a negative impact on the overall economy and he will push these business leaders to support his approach. soledad? >> dan lothian, in washington, d.c., for us, thank you. >>> just a few minutes we'll be chatting with stephanie cutter, the woman who helped manage president obama's re-election campaign. we'll talk more about the fiscal cliff. >>> first a look at other stories that are making news today. zoraida has that for us. >> good morning to you. the death toll in the philippines is rising this morning. typhoon bopha moving toward beach resorts in the northern part of the country and right now it is packing winds over 90 miles an hour. that storm has already caused massive flooding and landslides in the southern philippines. dozens of buildings
. >> now later this morning, president obama will be speaking and taking questions at the business round table meeting, a white house official saying that the president will make the case that middle-class americans need certainty that their taxes will not go up at the end of the year. he will also make the case that this fiscal cliff will have a negative impact on the overall economy and he will push these business leaders to support his approach. soledad? >> dan lothian, in...
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Dec 1, 2012
12/12
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coming up next, "your business" with j.j. ramberg. i think i did. oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. see, over time, cascade complete pacs fight film buildup two times better than finish quantum. to help leave glasses sparkling shiny! too bad it doesn't work on windows. okay, i'm outta here. cascade. the clear choice. prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relief ] [ male announcer ] choose taste. choose prego. [ sigh of relief ] we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this loving couple. oh dear... geico. 15 minutes could save you 15% or more on car insurance. with his wife, dan
coming up next, "your business" with j.j. ramberg. i think i did. oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. see, over time, cascade complete pacs fight film buildup two times better than finish quantum. to help leave glasses sparkling shiny! too bad it doesn't work on windows. okay, i'm outta here. cascade. the clear choice. prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable...
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Nov 30, 2012
11/12
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you know, you imagine at theent of that lunch romney giving obama a business card that he somehow misplaces. you know? that phone number. i just -- i had it here somewhere. but as anna marie said, it is nice. it's totally fake. this is nothing but a veneer, a sheen, but it's nice that they did it. >> it is nice. and one note of seriousnesses here. it is a great photograph to be seen around the world, that this is the way we conduct elections in this country. >> yes. >> and no shots are fired. it's all about that orderly and sensible and peaceable transition we have. it's a very good entry in that. the -- the real meeting that romney did have in washington today was with paul ryan, who doesn't seem to quite get -- realize his place in history. we have a big board here that shows all of the recent losing vice presidential candidates going all the way back to henry calfet lodge, which is to say during the television age, not one of them has ever made it to the presidency. and we don't yet have the new one with paul ryan on it, but he will very shortly take his position right up there statewide
you know, you imagine at theent of that lunch romney giving obama a business card that he somehow misplaces. you know? that phone number. i just -- i had it here somewhere. but as anna marie said, it is nice. it's totally fake. this is nothing but a veneer, a sheen, but it's nice that they did it. >> it is nice. and one note of seriousnesses here. it is a great photograph to be seen around the world, that this is the way we conduct elections in this country. >> yes. >> and no...
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Dec 4, 2012
12/12
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business owners aren't using those record profits to pay their workers. profits hit an all-time high, but workers wages have simply bottomed out. in fact, wages have hit an all-time low. let's take a look at this. it seems to be some kind of income fairness in this country. until about 2000. wages have gone from here down to there in 12 years. have you heard the term "off the charts"? here we go. corporate profits, then the recession hit. but back at it. there's a pretty huge separation between corporate profits and wages. one line is going off the charts and the other one is going down. but there's good news. even though wages are lower, consumers are basically driving the economy. consumer confidence reached its highest point since february of 2008. in a new report, it shows the automobile industry continues to roar back. almost every auto maker is reporting big sales gains. dodge is up for the 32nd month in a row. chrysler sales up 14% over last year. the hyundai plant in alabama is running at full capacity and can't keep pace with demand. there's no q
business owners aren't using those record profits to pay their workers. profits hit an all-time high, but workers wages have simply bottomed out. in fact, wages have hit an all-time low. let's take a look at this. it seems to be some kind of income fairness in this country. until about 2000. wages have gone from here down to there in 12 years. have you heard the term "off the charts"? here we go. corporate profits, then the recession hit. but back at it. there's a pretty huge...
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Nov 30, 2012
11/12
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CNBC
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you look at the two things, the biggest knocks on the obama administration in the first term were they didn't have a businessman with any business experience in any senior role, and they had terrible relations with republicans on capitol hill. no businessman, no bipartisanship. romney gives you both of those. he's a guy that gets along with republicans. he could make a deal on entitlements, tax reform. and he gets you a lot of business experience. i first said it as a joke, then i thought it makes sense. a lot of people agreed with that. >> certainly the president wants to reach across the aisle, you know, once in a while and have republicans do that. usually a businessman goes to commerce secretary. >> often, but it's a back water agency. if you have someone with a really powerful role -- and in this next term, it's going to be the big entitlement reform deal and tax reform deal. he's going to need a dialogue where people have somebody, a trusted partner they can deal with. mitt romney gives you a lot of that. he has great experience in private equity doing deals. he needs to do a big
you look at the two things, the biggest knocks on the obama administration in the first term were they didn't have a businessman with any business experience in any senior role, and they had terrible relations with republicans on capitol hill. no businessman, no bipartisanship. romney gives you both of those. he's a guy that gets along with republicans. he could make a deal on entitlements, tax reform. and he gets you a lot of business experience. i first said it as a joke, then i thought it...
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Dec 5, 2012
12/12
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take a listen. >> business owners with us today are here to highlight president obama's demand to raise tax rates instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on capitol hill who are urging the speaker to cut a deal with the president. i talked to one of the earliest republicans to say, you know what, let's take a the president up on his offer to extend the bush tax cuts for everybody under $250,000 and at least take that uncertainty off the table and then continue to negotiate the rest to have later. some of the republicans are now coalessing around that view that they should give into what the president is suggesting, at least temporarily, and continue to negotiate on the rest because there's a lot of political pain here for republicans if we do get to the point where we go over the cliff because of those higher tax rate pateryers, guys. >> all right, eamon. thank you. >> the talk continues, but none of it face to face. be sure to c
take a listen. >> business owners with us today are here to highlight president obama's demand to raise tax rates instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on capitol hill who are urging the speaker to cut a deal with the president. i talked to one of the earliest republicans to say, you know what, let's take a the president up...
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Dec 6, 2012
12/12
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speaking to a business roundtable, president obama responded to that idea this way. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again, as part of a budget negotiation, which by the way we have never done in our history until we did this it last year, i will not play that game. >> john boehner and house republican leadership met with small business owners today to talk about the fiscal cliff, raising tax rates on the richest americans for them is still off the table. >> the revenues on the table are coming from, guess who? the rich. there are ways to limit deductions, close loopholes, and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy. if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. a plan that can pass both chambers of congress. >> joining me now is former vermont governor howard dean and msnbc's krystal ball. governor dean, our
speaking to a business roundtable, president obama responded to that idea this way. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again, as part of a budget negotiation, which by the way we have never done in our history until we did this it last year, i will not play that game. >> john boehner and house republican leadership met with small business owners today to talk about the fiscal cliff,...
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businesses in your state. taxpayers in your state. do you have any optimism that we may not go off the cliff? >> i do have optimism. there's no question about it. i think both sides understand that it's not in the nation's best interest for us to go off this cliff. people are tired of the partisanship. they want both sides to work together. they want them to do so in a balanced way. i agreed to join the stirring committee to fix the debt coalition and i have because the balance is that we have to make spending cuts. we have to address entitlements but we also have to make sure that we have the revenues that we need to make the investments that we need. education. infrastructure. transportation. research and development. workers training. all of those things are important things that we have to do. we have to get our spending in order as well. >> you're taking a bit of heat actually for signing onto that fix the debt campaign. as you outline it, it sounds lovely and bipartisan but a lot of critics say it's a deal that favors corporate
businesses in your state. taxpayers in your state. do you have any optimism that we may not go off the cliff? >> i do have optimism. there's no question about it. i think both sides understand that it's not in the nation's best interest for us to go off this cliff. people are tired of the partisanship. they want both sides to work together. they want them to do so in a balanced way. i agreed to join the stirring committee to fix the debt coalition and i have because the balance is that we...
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Dec 5, 2012
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. >> president obama has tried to reform wall street. taken a lot of heat for it. they have accused him of being anti-business. a lot of positive figures out there in the economy. does a second term present a great opportunity for him to follow through on wall street reform? because there are some in the community that think he was a disappointment in that regard. >> first of all about the economy, my state right after the auto rescue, my state's unemployment rate was 10.6%. now it's down to 6.9%. that's because of a lot of things. partly trade enforcement that you've talked about. and partly the auto rescue. all those things together. i think the president knows that we need to continue to make sure the regulations are strong. part of that is done by his administration and part of it is by congress. we know he will work with senator merkley, senator schumer, people who have been involved on these issues. and i'm optimistic we move forward. >> thank you for joining us tonight. >>> coming up, senator mitch mcconnell rails against reform, but john mccain doesn't agre
. >> president obama has tried to reform wall street. taken a lot of heat for it. they have accused him of being anti-business. a lot of positive figures out there in the economy. does a second term present a great opportunity for him to follow through on wall street reform? because there are some in the community that think he was a disappointment in that regard. >> first of all about the economy, my state right after the auto rescue, my state's unemployment rate was 10.6%. now...
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Nov 29, 2012
11/12
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CNBC
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we haven't given business a lot of confidence. we have $1 trillion -- >> antagonistic with business. >> we would call it antagonistic. a lot of listening but not a lot of hearing. i'm supposed to go -- i won't say that. >> you're going to go to the white house. >> maybe. >> why would you go to the white house? you think he's listening? all these photo ops with all these ceos. >> do i have to answer this? >> what are they doing? why go? >> because he's the president of the united states. it is the white house. in the case, you can make an impact, you should do it. >> but that's the question. can you make an impact? >> at the moment, it looks like not. again, i said this recently at another conference. if you're a ceo, you're going to get your constituents in a room and not leave. you're not going to get in a plane, bring people in to antagonize the other side as rerecently did. you're going to sit in a room until you hammer this out. >> is it better to allocate money outside the united states? let me ask how you're allocating capit
we haven't given business a lot of confidence. we have $1 trillion -- >> antagonistic with business. >> we would call it antagonistic. a lot of listening but not a lot of hearing. i'm supposed to go -- i won't say that. >> you're going to go to the white house. >> maybe. >> why would you go to the white house? you think he's listening? all these photo ops with all these ceos. >> do i have to answer this? >> what are they doing? why go? >> because...
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Nov 30, 2012
11/12
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owner who will see his taxes spike if the obama plan passes. >> this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. our company has figured out how to survive in this economy and how to be successful in this economy. the first thing we'll want to do with any income that i have is tax it? that's uncertainty. >> kristen welker is at the white house. critics said the president wasn't pushing a bald deal focusing more on taxes than spending. now the white house is out with its formal debt proposal which mitch mcconnell says he laughed at when tim geithner showed to him. what's so funny? >> reporter: to put the plan into context, first of all, this is the president's opening bid. and essentially comes after he's feeling emboldened by his re-election knowing there's not a whole lot in here that republicans will like off the bat. so just to take a look he it specifics, $1.6 trillion in new taxes, $400 billion in entitlement cuts. $50 billion in new stimulus. and then a proposal to end congress' control of the debt limi
owner who will see his taxes spike if the obama plan passes. >> this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. our company has figured out how to survive in this economy and how to be successful in this economy. the first thing we'll want to do with any income that i have is tax it? that's uncertainty. >> kristen welker is at the white house. critics said the president wasn't pushing a bald deal focusing...
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Dec 3, 2012
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. >>> president obama has a busy couple of days coming up. today he hosts the prime minister of bulgaria in the oval office, then heads to national defense university to deliver remarks there. tomorrow the president meets with governors at the white house. they will be discussing, what else, the impending fiscal cliff. >>> news corporations uk chief tom mockridge is stepping down. he took over the unit 18 months ago at the height of the company's phone hacking scandal >>> the time has finally come, cory booker taking the food stamp challenge this week. the newark mayor will only be eating with food he can buy for $37. that is the average food stamped benefit in his week. booker said he will be giving up coffee because he can't afford it. that will be tough for us. >> no doubt. >> interesting to see at the end of that how he does. >> i'm sure he will be documenting on twitter what goes on during those days. coming up, one of the strangest cases of cosmetic surgery, can't make this up. did you read about this? mustache implants. that's right. w
. >>> president obama has a busy couple of days coming up. today he hosts the prime minister of bulgaria in the oval office, then heads to national defense university to deliver remarks there. tomorrow the president meets with governors at the white house. they will be discussing, what else, the impending fiscal cliff. >>> news corporations uk chief tom mockridge is stepping down. he took over the unit 18 months ago at the height of the company's phone hacking scandal...
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Dec 5, 2012
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that's not business as usual. what barack obama's proposing is the same bloated bureaucratic government with the same bloated waste but with more tax money. that's what one economist called socialist austerity. the private sector gets weaker, poorer, has fewer jobs, but we prop up government with higher taxes. i think that's a bad deal for america. >> right. let's talk about speaker boehner, though, because he's obviously in your position, the one that you occupied, and there is a sense that he and barack obama just don't have much of a relationship. certainly nowhere near as warm and constructive as the one you ended up having with president clinton. >> first of all, we earned -- you have to ask president clinton this but i think it's a fair thing to say. we earned president clinton's respect in part by closing the government twice and being in a very rough and tumble fight. he came to believe we were serious. we were the first republican congress in 40 years but more importantly, we were the first re-elected rep
that's not business as usual. what barack obama's proposing is the same bloated bureaucratic government with the same bloated waste but with more tax money. that's what one economist called socialist austerity. the private sector gets weaker, poorer, has fewer jobs, but we prop up government with higher taxes. i think that's a bad deal for america. >> right. let's talk about speaker boehner, though, because he's obviously in your position, the one that you occupied, and there is a sense...
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Dec 3, 2012
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president obama is taking this sort of outside strategy where as we saw him last week he goes outside of washington. he'll be giving remarks to the business roundtable this week, meeting with business leaders tomorrow. other stakeholders this week and he's trying to kind of put some pressure on congress and learn from a mistake that he made you might say during say the debt ceiling negotiations where you saw these meetings with congressional leaders but there really wasn't a whole lot of payoff and didn't make the president look particularly effective. an issue to be resolved is to tackle entitlement reform. you have the white house and republicans saying you need to put meat on the bones and going back and forth. listen to what republican senator bob corker said. >> i think the really discussions around the fiscal cliff haven't even begun to be serious yet and the reason they haven't is we have really not begun to talk about real entitlement reforms and the only way of a true avoidance and until the debate moves to that point there's really no serious debate taking place and i think,
president obama is taking this sort of outside strategy where as we saw him last week he goes outside of washington. he'll be giving remarks to the business roundtable this week, meeting with business leaders tomorrow. other stakeholders this week and he's trying to kind of put some pressure on congress and learn from a mistake that he made you might say during say the debt ceiling negotiations where you saw these meetings with congressional leaders but there really wasn't a whole lot of payoff...
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Dec 6, 2012
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you see, they want the business community to think that president obama is the enemy in all of this. >> although the president seems obsessed about raising taxes on you, we feel that's not the right direction to go.ç >> it's interesting how no one from the business community has said president obama is wrong in all of this. none of the ceos who met with the president of the united states today came forward and challenged the president's plan. democratic leader nancy pelosi told me last night, ceos have been very understanding of the plan set forth by the white house. the business community is willing to accept rate increases. they are really making more concession than john boehner. eric cantor says republicans are not going to adjourn this year until a deal is reached. is that a sign of early capitulation? he knows republicans can't go home to their districts with absolutely nothing to show for it. that's not what the american people voted for. john boehner says he's willing to stick around town to get a deal done? >> i'll be here and i'll be available at any moment to sit down wi
you see, they want the business community to think that president obama is the enemy in all of this. >> although the president seems obsessed about raising taxes on you, we feel that's not the right direction to go.ç >> it's interesting how no one from the business community has said president obama is wrong in all of this. none of the ceos who met with the president of the united states today came forward and challenged the president's plan. democratic leader nancy pelosi told me...
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Dec 1, 2012
12/12
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will president obama choose one of them or will he choose someone else? with the spark cash card from capital one, olaf's pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. to a currency market for ev
will president obama choose one of them or will he choose someone else? with the spark cash card from capital one, olaf's pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited...
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Nov 29, 2012
11/12
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CNNW
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from jason, romney does have experience in business so obama will tap that and come to an idea of how to put the brakes on how to stop us from going over that fiscal cliff. and this from diane. maybe after lunch someone should give them a pail and shovel and let them play in the same sand box and show the republicans and democrats that they can play well together if they only try. keep the conversation going. facebook.com/carolcnn. coming up. the nfl reaches into n dam can sioux's pocket. his punishment for the kick to the groin. [ knock on door ] cool, you found it. wow. nice place. yeah. [ chuckles ] the family thinks i'm out shipping these. smooth move. you used priority mail flat-rate boxes. if it fits, it ships for a low, flat rate. paid for postage online and arranged a free pickup. and i'm gonna track them online, too. nice. between those boxes and this place, i'm totally staying sane this year. do i smell snickerdoodles? maybe. [ timer dings ] gotta go. [ male announcer ] priority mail flat rate boxes. online pricing starts at $5.15. only from the postal service. [ male announ
from jason, romney does have experience in business so obama will tap that and come to an idea of how to put the brakes on how to stop us from going over that fiscal cliff. and this from diane. maybe after lunch someone should give them a pail and shovel and let them play in the same sand box and show the republicans and democrats that they can play well together if they only try. keep the conversation going. facebook.com/carolcnn. coming up. the nfl reaches into n dam can sioux's pocket. his...
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made yesterday by president obama and the house speaker, john boehner, both expressing optimism on those fiscal cliff negotiations in washington. the dow rallied 100 points yesterday off of those comments. how many times have you heard me say congress will mess it up. >>> goldman sachs ceo met with the president and others yesterday for those fiscal cliff talks. listen to what he told wolf blitzer when asked if taxes should be raised on those making more than $250,000 a year. if that's what it takes to make the math work when you look at entitlement side and revenue side, i wouldn't preclude that. of course we would have to do that if the numbers drive that way. >> he said america can't afford itself right now the way we're going. fiscal cliff talks today continue with geithner making the rounds on capitol hill. later this morning, third quarter gdp expected to be revised higher. economists expect gdp for july to september to be revised from 2% to 2.8%. that would be good news. this is still modest growth. everyone hopes that next year will be a better year than this one in terms of grow
made yesterday by president obama and the house speaker, john boehner, both expressing optimism on those fiscal cliff negotiations in washington. the dow rallied 100 points yesterday off of those comments. how many times have you heard me say congress will mess it up. >>> goldman sachs ceo met with the president and others yesterday for those fiscal cliff talks. listen to what he told wolf blitzer when asked if taxes should be raised on those making more than $250,000 a year. if that's...
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you donated to the obama campaign. before we get out of here, i want your thoughts that the president is anti-business. a label that he has had to wear for some time now. what do you make of that? >> i don't know where that comes from. our whole business has only done better each of the last four years. i think that perhaps as a communication issue, obviously, that's part of the job of the president and his team to communicate. certainly we came through a large fiscal crisis and there was this debate of who was responsible, was it wall street, who was it? we could have that debate another day. i think right now where we are, the consumers are, their confidence is an all-time high. you reported on that the other day and we're seeing that in our business so if we can focus on the solutions, we can unleash the virtuous cycle we have started on. how we can do better together rather than go this tick talk back and forth of who is to blame in the past. >> appreciate your insight tonight, sir. we appreciate that. you're more
you donated to the obama campaign. before we get out of here, i want your thoughts that the president is anti-business. a label that he has had to wear for some time now. what do you make of that? >> i don't know where that comes from. our whole business has only done better each of the last four years. i think that perhaps as a communication issue, obviously, that's part of the job of the president and his team to communicate. certainly we came through a large fiscal crisis and there was...
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this morning president obama is going to talk to members of the washington business round table. house speaker john boehner and congressional leaders will meet with small business owners on the hill. talking to everybody else doesn't look like they're talking to each other. they're not reaching across the aisle here. my next guest says that most politicians don't want to go over the cliff but some partisans might derail the discussions. there is a danger ahead, a growing core russ on both sides who insist there's no reason to fear going over the fiscal cliff y if if the cliff exists at all. call them cliff deniers. leading directly to the loss of america's aaa credit rating. listening to them again would be the definition of insanity. john who has a ph.d. in instaneny co-author of "deadline artists." i was in d.c. this week and struck by there is one track going on of negotiations, the track you're seeing on television. not the smoke filled back rooms at this point. they're not there yet. usually i complain about the deals happening and the scenes. there is no behind the scenes a
this morning president obama is going to talk to members of the washington business round table. house speaker john boehner and congressional leaders will meet with small business owners on the hill. talking to everybody else doesn't look like they're talking to each other. they're not reaching across the aisle here. my next guest says that most politicians don't want to go over the cliff but some partisans might derail the discussions. there is a danger ahead, a growing core russ on both sides...
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people in america ignores the way most small businesses work in america. >> this political fight is over policy, but if you weren't paying attention, you'd swear the presidential election was still going on. while the fiscal cliff battle plays out, campaign politics marches on. >> i want to help create a better united states. >> we're less than a month removed from the 2012 election, but former south dakota governor mike rounds is already looking ahead to 2014, announcing a bid for the sfath. >> i'll be out visiting in a lot of communities around south dakota. >> and he was the second republican to do that this past week. joining congresswoman shelly moore of west virginia. while 2014 is a long way away, 2013 is just over the horizon. that's when new jersey's chris christie is up for re-election and the tough-talking republican governor's making clear he wants another term in office to help his state recover from superstorm sandy. >> i don't want to leave now. we have a job to do. that job won't be finished by next year. >> it may be the holiday season, but it seems there's no holid
people in america ignores the way most small businesses work in america. >> this political fight is over policy, but if you weren't paying attention, you'd swear the presidential election was still going on. while the fiscal cliff battle plays out, campaign politics marches on. >> i want to help create a better united states. >> we're less than a month removed from the 2012 election, but former south dakota governor mike rounds is already looking ahead to 2014, announcing a...
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president obama told business leaders it won't being eliminated but they're still talking about it. according to "the wall street journal" fidelity's charitable gift fund brought in 1.2 billion in the first nine months of the year. that is up more than 60% from last year. i know. people are giving. charitiessare even getting in the mix. they're ramping up collection efforts going into the end of the year. ashley: bet they are. tracy: you say what you want how philanthropic we are, it is all about the tax deduction. you take it away, it is a lot about the tax deduction. you take it away, there will be a lot of charities that are --. ashley: i'm cynical. but i agree. of course. >>> ibm hoping to save millions of dollars by changing its 401(k) contributions. how much does it cost the employees though? gerri willis is here on that story next. tracy: as we head out to break, the dow is up 55 points. look at some winners and losers on the s&p 500. avon calling up 5.6%. and genworth financial. and big lots, as nicole mentioned earlier, your loser on the s&p 500. we'll be right back. ♪ â™
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obama's big meeting with some of those ceos. john? >> the other way the ceos are in the middle of this is the president appeared before the business roundtable today as part of his effort to continue rounding up support from various constituencies for what he calls a balanced approach. one of the things he pressed was a priority that the head of the business roundtable, john eng r engler, has suggested which is a longer term fix to the debt ceiling problem. remember that it was a catastrophic standoff in mid 2011 that caused the downgrade in u.s. credit. president said he's simply not going to negotiate in the negotiating process that results in the same kind of stand-off. here is the president. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation? which, by the way, we have never done in our history until we did it last year. i will not play that game because we've got to break that habit before it starts. >> so w
obama's big meeting with some of those ceos. john? >> the other way the ceos are in the middle of this is the president appeared before the business roundtable today as part of his effort to continue rounding up support from various constituencies for what he calls a balanced approach. one of the things he pressed was a priority that the head of the business roundtable, john eng r engler, has suggested which is a longer term fix to the debt ceiling problem. remember that it was a...
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president obama warns republicans not to create another debt ceiling crisis as a tactic in the budget talks. >> that is a bad strategy for america, it's a bad strategy for your businesses, and it is not a game that i will play. >> the speaker says the president's opening bid couldn't even pass the democratic led senate. boehner is ready for a sit down with the president. >> we can't sit here and negotiate with ourselves and if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. and a plan that can pass both chambers of congress. >> a rare senate appearance, by former majority leader bob dole wasn't enough to win over republican support for a treaty promising equal rights for people with disabilities. we'll talk with the leading sponsor john kerry about what he called one of the sadsest days of his long senate career. >> this vote is to test whether the senate will stand up for those who cannot see or hear and whether senators can hear the truth and see the facts. >> at nato today, secretary of state hillary clinton
president obama warns republicans not to create another debt ceiling crisis as a tactic in the budget talks. >> that is a bad strategy for america, it's a bad strategy for your businesses, and it is not a game that i will play. >> the speaker says the president's opening bid couldn't even pass the democratic led senate. boehner is ready for a sit down with the president. >> we can't sit here and negotiate with ourselves and if the president doesn't agree with our proposal and...
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any business that goes against the agenda and i'm telling you right now, clarence otis, an obama backer, listen it's going to hurt us, we don't know to what degree, but the negative media darden, because we have to accommodate health care it's going to impact our bottom line. stuart: charles payne yesterday. this morning, darden has backed off, they have reversed course. they're not going to employ a lot more part-time people because of obamacare. they have backed off. liz mcdonald, did they back off because of media and public pressure? >> yes, for the most part, yes. the problem is that the media coverages, they're not reporting that darden and other restaurants like it can no longer offer the health insurance plans they were offering. they've got a lot of of turnover and half the work force quit because health reform outlaws the so-called mini-med plan. and the other issue, too, now we've got an environment where ceo's cannot speak up about the impact of health reform and bottom line and jobs when we've got treasury secretary tim geithner overseer of spending and protector of the u.s
any business that goes against the agenda and i'm telling you right now, clarence otis, an obama backer, listen it's going to hurt us, we don't know to what degree, but the negative media darden, because we have to accommodate health care it's going to impact our bottom line. stuart: charles payne yesterday. this morning, darden has backed off, they have reversed course. they're not going to employ a lot more part-time people because of obamacare. they have backed off. liz mcdonald, did they...
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he said he had been motivated to act because he felt vilified by the obama administration after his businesses were investigated. he is being unfairly prosecuted for bribing and money laundering. >> yes. hum. in most places that is considered a crime. >> stephanie: when i see what is happening to me and this company, that kind of behavior has to stop. >> stop pointing out the things i did. >> stop. >> stop it. >> stop it. [ laughter ] >> ann romney: stop it. >> stephanie: i love this part. adelson is scheduled to travel to washington, d.c. where he will meet with at least one republican leader to push for changes to the anti-bribery law. why does bribery have to be illegal? [ laughter ] >> wow. >> stephanie: oh that is just -- >> i'll give you a hundred if you make this law go away. [ laughter ] >> stephanie: who could be so uptight about bribery. that's delightful. >> did i say a hundred? thousand. okay. a million. 10 million. >> stephanie: all right. 17 million -- 17 million -- see i'm talking and sheldon and 17 million just rolled off of my tongue. >> you probably have over a thousand dolla
he said he had been motivated to act because he felt vilified by the obama administration after his businesses were investigated. he is being unfairly prosecuted for bribing and money laundering. >> yes. hum. in most places that is considered a crime. >> stephanie: when i see what is happening to me and this company, that kind of behavior has to stop. >> stop pointing out the things i did. >> stop. >> stop it. >> stop it. [ laughter ] >> ann romney:...
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. >>> and president clinton and first lady michelle obama competing for votes for an award. >>> and business news. >> big day. jobs report. we're awaiting for the monthly jobs report in a couple hours. we'll find out what it means for the health of our economy later this morning. you're watching "starting point." the all-new cadillac ats to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches the bmw 3 series. i cannot believe i have ended the day not scraping some red paint off on these barriers. ♪ [ male announcer ] the all-new cadillac ats. to the number 1 club in the world. the potential of manchester united unlocked. nyse euronext. unlocking the world's potential. [ ding! ] losing your chex mix too easily? time to deploy the boring-popcorn decoy bucket. then no one will want to steal the deliciousness. with a variety of tastes and textures only chex mix is a bag of interesting. with a variety of tastes and textures have led to an increase intands clinical depression. drug and alcohol abuse is up. and thos
. >>> and president clinton and first lady michelle obama competing for votes for an award. >>> and business news. >> big day. jobs report. we're awaiting for the monthly jobs report in a couple hours. we'll find out what it means for the health of our economy later this morning. you're watching "starting point." the all-new cadillac ats to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats...
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. [♪ "world news tonight" theme ♪] >> stephanie: you know president bad for business, jim? corporate profits have hit a record high while wages have hit a record low. corporation earnings are up 18.6% from a year ago. >> thanks to that socialist obama. >> stephanie: wages as a percentage of the economy are at an all-time low as this chart shows. i have a handy dandy chart once again. >> socialist, communist, hip hop barbecue. >> stephanie: thank you, skeeter. let's goo to jerry. >> caller: hey, steph. i was wondering during the fiscal cliff thing they are talking about putting medicare and everything on the block, couldn't they accuse the president of cutting $716 billion out of medicare -- >> stephanie: right, remember that. thank you, you are the smartest boy in class. [ bell chimes ] >> i'm flabbergasted that they did that! >> stephanie: yes. mernii in michigan. hi, merni. >> caller: hi steph. i'm going to take you off of speaker. >> stephanie: all right. thank you go ahead. >> caller: i wanted to make a follow-up to one of the things that you just brought up that these
. [♪ "world news tonight" theme ♪] >> stephanie: you know president bad for business, jim? corporate profits have hit a record high while wages have hit a record low. corporation earnings are up 18.6% from a year ago. >> thanks to that socialist obama. >> stephanie: wages as a percentage of the economy are at an all-time low as this chart shows. i have a handy dandy chart once again. >> socialist, communist, hip hop barbecue. >> stephanie: thank you,...
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obama begins speaking, we'll bring you back to washington and the business round table headquarters. >>> okay. remember harry potter who can make someone completely disappear? it sounds like a fairytale but the army may be using something like that, camouflaging the troops and making them completely invisible. >> reporter: it can mean the difference between getting shot and going home. so a lot is riding on the next generation design to outfit troops. it's only been eight years since the army spent $5 billion on camo that critics say didn't fool anyone. soldiers complained to the point that the army abandoned its one-size fits all universal pattern. >> they were looking for camouflage that they could use everywhere? >> correct. and it didn't work anywhere. >> reporter: guy is one of the designers competing to win the next multimillion dollar contract. this summer he showed us the science behind every size and shape of these pixels. >> you now have your camouflage. we're trying to trick the brain into something that is not there. >> reporter: digital patterns recreate things already f
obama begins speaking, we'll bring you back to washington and the business round table headquarters. >>> okay. remember harry potter who can make someone completely disappear? it sounds like a fairytale but the army may be using something like that, camouflaging the troops and making them completely invisible. >> reporter: it can mean the difference between getting shot and going home. so a lot is riding on the next generation design to outfit troops. it's only been eight years...
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president obama addresses the business roundtable and that could be critical. david has an exclusive interview with ken moelis. back to you guys. >> let's get six in 60. six stocks in 60 seconds. >> yesterday's news overshadowed by many things. a fantastic quarter. we knew it would be household formation buying on weakness. >> 17 straight. number of quarters where they beat it. this was a major miss. >> rbc does not like clf. this is again china. i don't like it either but china is coming back. >> naz 100 taking on facebook. >> money is an index to the naz 100. people paid for this in premarket. it was a mistake. >> citi thinks limited can do a special div. >> limited has a lot of cash. gap said no yesterday. hurt the stock. >> goldman starts utx neutral. great company. a slap in the face, carl. boom. slap in the face. >> you got that right. what's on "mad" tonight? >> i have been featuring these investment -- look, the etf. i've been feeling they know america. i have to know how bad america is. they do the southeast. great company. >> we've not talked a lot ab
president obama addresses the business roundtable and that could be critical. david has an exclusive interview with ken moelis. back to you guys. >> let's get six in 60. six stocks in 60 seconds. >> yesterday's news overshadowed by many things. a fantastic quarter. we knew it would be household formation buying on weakness. >> 17 straight. number of quarters where they beat it. this was a major miss. >> rbc does not like clf. this is again china. i don't like it either...
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president obama speaking to the business round table today, attending to the group's quarterly meeting of ceos. jim mcnerny says including meaningful and comprehensive tax and entitlement reforms. this is the number one story that we've been talking about every morning here since the election. fiscal cliff, big, big issue. there are now, it seems, growing numbers of people on both the right and the left who would like to see us just go over that fiscal cliff. how big of a problem would that be? >> that would be a big problem. i actually still believe that those -- the democrats, the administration, republicans in the final analysis don't want to see that happen. they do understand that not only would that present a problem in the near term as we went over the cliff at the end of the year, but we still then have the whole debt ceiling fight that would transpire shortly into the new year. the issue isn't simply the negative result of going over the cliff, but it's also that business, consumers, everybody continues to hold back on the uncertainty. and we believe the economy is pretty well
president obama speaking to the business round table today, attending to the group's quarterly meeting of ceos. jim mcnerny says including meaningful and comprehensive tax and entitlement reforms. this is the number one story that we've been talking about every morning here since the election. fiscal cliff, big, big issue. there are now, it seems, growing numbers of people on both the right and the left who would like to see us just go over that fiscal cliff. how big of a problem would that be?...
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this is the pursuit of perfection. >> gretchen: when president obama needed a business boost during his reconnection campaign, the former ceo of costco came to his defense, making a prime time speech at the democratic national convention. >> business needs a president who covered the backs of businesses, a president who understands what the private sector needs to succeed. a president who takes the longview and makes the tough decisions. that's why i'm here tonight supporting president obama. >> gretchen: so now he and the rest of the costco board cashing in on that support, having voted to give them selves a special dividend to avoid the president's looming tax increase. so is this what the president means by tax fairness? the host of varney and company, stuart varney, is here. i'm so glad you're going to explain this because it is relatively complicated. what did they do? >> first of all, let me explain tax hypocrisy. here is how it works, the board of costco, which is headed by that gentleman, they vote themselves a special $7 per share dividend. he and his wife own 2 million shares
this is the pursuit of perfection. >> gretchen: when president obama needed a business boost during his reconnection campaign, the former ceo of costco came to his defense, making a prime time speech at the democratic national convention. >> business needs a president who covered the backs of businesses, a president who understands what the private sector needs to succeed. a president who takes the longview and makes the tough decisions. that's why i'm here tonight supporting...
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the president plans to deliver remarks and answer questions during a meeting of a business roundtable. critics say the president will call on business leaders to press lawmakers about raising the debt ceiling. while that is happening we expect to hear from house speaker john boehner any moment right now on the hill for the latest on what's happening on fiscal matters. martha? martha: meanwhile, there are new evacuations that have been ordered in a community where a train carrying toxic chemicals derailed nearly a week ago. 100 families told they have to leave their homes in new jersey near philadelphia. they have to play it safe until the last of the hazard does gas is removed. >> what we'll do we'll pump liquid in that dissolves the vinyl chloride. we'll pump that liquid back out into the highway truck. we have a derailment of hazardous of materials over and in a waterway and a community adjacent to it, right next to it. martha: the rail line is paying for hotel rooms and other expenses for 200 people not able to go home. the families as you can imagine, especially this time of year
the president plans to deliver remarks and answer questions during a meeting of a business roundtable. critics say the president will call on business leaders to press lawmakers about raising the debt ceiling. while that is happening we expect to hear from house speaker john boehner any moment right now on the hill for the latest on what's happening on fiscal matters. martha? martha: meanwhile, there are new evacuations that have been ordered in a community where a train carrying toxic...
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Nov 29, 2012
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he met with president obama yesterday. then he went to talk with wolf blitzer who asked if he would support the president's plan of bringing the rates back up on the wealthiest americans. let's listen. >> if that's what it took to make the math work i wouldn't preclude that if the numbers drive that way. >> he says maybe a tax rate increase should be part of a deal. can't it be part of a deal? not the whole deal but part of it? >> i met with a number of the same business leaders that met with the president yesterday. we took a look at the entire picture of the spending cuts, dealing with medicare, social security. dealing with the issue of tax revenue. you need to have all of these things on the table if you're going to get a solution that sends a credible signal to the markets, not just here but around the world that we are seriously dealing with our debt. unless you focus on the big drivers which are the entitlements with it coming baby boom generation hitting social security and medicare age we can't solve the problems
he met with president obama yesterday. then he went to talk with wolf blitzer who asked if he would support the president's plan of bringing the rates back up on the wealthiest americans. let's listen. >> if that's what it took to make the math work i wouldn't preclude that if the numbers drive that way. >> he says maybe a tax rate increase should be part of a deal. can't it be part of a deal? not the whole deal but part of it? >> i met with a number of the same business...
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he has made clear that the obama administration is saying that the first order of business has to be to extend tax breaks for middle-class families and raise tax rates for the top 2% of income earners. talks over how to rein in entitlement spending should be held sometime next year. >> the president is asking for $1.6 trillion of new revenue over 10 years. twice as much as he has been asking for the public. his stimulus spending exceeded the amount of new cuts that he was willing to consider. it was not a serious offer. reporter: enter a new player in the talks, stephanie cutter. you remember her? she was the deputy campaign manager for the obama-biden ticket suggested that mitt romney might have committed a felony on his tax returns. sunday night, she e-mailed them to reach a fiscal deal. republicans have balked at raising those tax rates. they are identified by marcus at countries job creators. >> for the first time in two decades, they are there will tell revenues go up as part is the plan. but they have to tell us what they're willing to do with revenues. it's definitely very har
he has made clear that the obama administration is saying that the first order of business has to be to extend tax breaks for middle-class families and raise tax rates for the top 2% of income earners. talks over how to rein in entitlement spending should be held sometime next year. >> the president is asking for $1.6 trillion of new revenue over 10 years. twice as much as he has been asking for the public. his stimulus spending exceeded the amount of new cuts that he was willing to...
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jitters for small business owners. president obama is calling for $1.6 trillion in tax spikes. john boehner is telling him to get serious. >> with 32 days left, the two parties are trading insults with 90% of americans facing higher taxes next year. small business owners want answers. poppy harlow is talking to them. they are very nervous about this. >> very nervous and frustrated. they have no idea what is ahead. that uncertainty is the hard part. we went to new jersey to talk to owners of very different businesses that are equally frustrated that washington can't get it together. >> any company, any business did the method of accounting like the government, we would be in jail. >> you sound like you have had it. >> i have. here is the reservations. staffed 24 hours a day. >> reporter: he started the business back in 1984. today, he's got a staff of 75. 53 cars and one big question. >> i just want congress to tell me to come up with what the boundaries are so i know -- i know how to run my business, i know how to plan. >> reporter: he's laid off four employees in the last six
jitters for small business owners. president obama is calling for $1.6 trillion in tax spikes. john boehner is telling him to get serious. >> with 32 days left, the two parties are trading insults with 90% of americans facing higher taxes next year. small business owners want answers. poppy harlow is talking to them. they are very nervous about this. >> very nervous and frustrated. they have no idea what is ahead. that uncertainty is the hard part. we went to new jersey to talk to...
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here's what president obama said when he spoke to business ceos about this earlier today. >> i want to send a very clear message to people here, we are not going to play that game next year. if congress in any way suggests that they're going to tie negotiations to debt ceiling votes, and take us to the brink of default once again, as part of a budget negotiation, which, by the way, we have never done in our history, until we did it last year, i will not play that game. because we have got to break that habit before it starts. >> reporter: so just to be very clear, the white house sees this as three steps. a fiscal deal would include, one, some measure that would raise revenue. tax raising. two, a sequester, that's all those budget cuts that are going to kick in, some way to save money through spending cuts, probably on medicare changes. and then, three, some solution for the debt ceiling, both in the short-term and then some permanent solution to avoid that kind of nightmare repeating itself over and over, brooke. >> so we just played a bunch of the sound bites here today from the pres
here's what president obama said when he spoke to business ceos about this earlier today. >> i want to send a very clear message to people here, we are not going to play that game next year. if congress in any way suggests that they're going to tie negotiations to debt ceiling votes, and take us to the brink of default once again, as part of a budget negotiation, which, by the way, we have never done in our history, until we did it last year, i will not play that game. because we have got...
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. >>> president obama made the fess cal cliff case to business leaders today. dan lothian is at the white house. dan, he is meeting with business leaders, but there is no phone conversation that is taking place, no conversations at all taking place with boehner now. what position is the white house in? how does the president feel this is going? >> you're right about that. the white house continues to insist conversations are ongoing, but i'm hearing from gop aides that, in fact, what we're seeing in the public is exactly what's happening in the private, and that is that it's essentially a standoff. there are no phone conversations, no e-mails, no texting going back and forth, and identify been talking about this. it's very difficult to see how this process moves fashd if -- we see them bringing in business leaders to the white house, ceos, middle class americans, and they're reaching tout these ceos of the business roundtable saying his policies will help businesses. his policies will make it easier to create jobs and that he is rooting for them. at the time he
. >>> president obama made the fess cal cliff case to business leaders today. dan lothian is at the white house. dan, he is meeting with business leaders, but there is no phone conversation that is taking place, no conversations at all taking place with boehner now. what position is the white house in? how does the president feel this is going? >> you're right about that. the white house continues to insist conversations are ongoing, but i'm hearing from gop aides that, in fact,...
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the president, president obama just talking with this middle class family in northern virginia. part of the push to preserve the middle class tax cut. here he is around the table in the washington area today. if the president and congress cannot reach a deal, tax rates for the middle class and everyone else goes up the first of the year. meanwhile, senate minority leader mitch mcconnell today prevented a simple majority vote to give the president the power to raise the u.s. debt ceiling. president obama pushed for the power trance fosform as part of white house plan they unveiled a week ago. fiscal cliff, 26 days away. christine romans explains how going over the cliff could affect you and your family. >> reporter: brooke, here's what the sequester could mean for domestic programs. fewer women and children with assistance and child care aid. cuts to education nearly 100,000 head start spots at risk. more than 25,000 teachers and teachers aids could lose their jobs and science and public research grants could be cut including in to cancer and childhood diseases. fewer americans c
the president, president obama just talking with this middle class family in northern virginia. part of the push to preserve the middle class tax cut. here he is around the table in the washington area today. if the president and congress cannot reach a deal, tax rates for the middle class and everyone else goes up the first of the year. meanwhile, senate minority leader mitch mcconnell today prevented a simple majority vote to give the president the power to raise the u.s. debt ceiling....